StumbleUpon Stumbles Upon $17M

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San Francisco-based StumbleUpon, the Web and mobile service that helps users discover new sites, said this week that it has raised $17 million in Series B venture financing. The round included new investors DAG Ventures and First Round Capital as well as returning investors Accel Partners, August Capital, and Sherpalo Ventures, who financed StumbleUpon’s spinout from eBay in 2009. StumbleUpon CEO Garrett Camp said the funds will be used “to grow our core discovery technology, allow people to stumble on more platforms and devices (like mobile and TV), and grow the company.”